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Medical monitoring benefits aren't taxable, the Internal Revenue Service held in a private letter ruling in response to a request from lawyers handling the massive fen-phen settlement. The issue is a significant one in the diet drug case because many class members are receiving free echocardiograms, valued at $800, which could result in a tax bill of $300 if such benefits were taxable.
May 10, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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